NEWS RELEASE NOVEMBER 2016
Gas Turbine Owners Will Spend $3.5 Billion for Valves Next Year
Gas turbine owners will spend $2 billion for new valves and $1.5 billion for service and repair of valves in 2017. This is the latest forecast in Industrial Valves: World Markets and 59EI Gas Turbine and Combined Cycle Supplier Program.
The Americas and Asia will each spend more than Europe and Africa combined.
Valves for GTCC plants are challenged by the rapid cycling required. Wind and solar are playing an increasing role in power generation but their operations are not constant. As a result, GTCC plants are operated to balance the fluctuating contribution from the other sources. Flow accelerated corrosion and other problems are being addressed. Operators are being assisted in dealing with these problems in another McIlvaine service 59 D Gas Turbine and Reciprocating Engine Decisions.
This service includes webinars, white papers and LinkedIn discussions on valves for both gas turbine and reciprocating engines. The goal of this service is to aid purchasers in making the lowest total cost of ownership decisions. It is free of charge to any turbine owner worldwide. Suppliers who subscribe have the opportunity to participate in the discussions.
Market forecasts are continually updated in Industrial Valves: World Markets. Biweekly updates in the supplier program alert the subscriber to new projects. A database of new projects by start-up date along with details on all operating turbine plants provide information needed by the sales team. The LinkedIn groups in the decisions program provide the customer contact and insights for engineering and research.